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Home News Business

Blaze resettlement funding increased

Xenia. W by Xenia. W
17 July 2026
in Business, News
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The Legislative Council Finance Committee today approved an extra $1 billion in funding to provide long-term housing arrangements for the flat owners of Wang Chi House (Block H) at Wang Fuk Court in Tai Po.

 

Together with $2.8 billion from the Support Fund for Wang Fuk Court in Tai Po and $4 billion earmarked under the 2026-27 Budget for the acquisition of Blocks A to G, the long-term housing plan will now cover all eight blocks of the estate.

 

Deputy Financial Secretary Michael Wong thanked the committee for the approval, stressing that the Government will advance the acquisition work at full speed.

 

As of yesterday, 90% of owners had submitted signed Letters of Acceptance. This includes 1,565 letters from Blocks A to G (90.1% of flats) and 221 letters from Block H (89.1% of flats).

 

The Government has already signed Agreements for Sale & Purchase with 769 owners, representing 43% of those who submitted acceptance letters.

 

Addressing residents’ concerns about retrieving personal belongings after transferring property titles to the Government, Mr Wong said those with special needs can make requests through the Engagement Team and the “one social worker per household” service.

 

He explained that the general direction is to allow residents to return and collect necessary belongings to facilitate their relocation as far as possible.

Tags: BusinessFinance
Xenia. W

Xenia. W

Xenia is a Hong Kong–based writer and content creator focusing on financial markets, policy and the city’s evolving economic landscape. With over ten years of experience in higher education and tourism‑related projects, she specialises in transforming complex information into clear, reader‑friendly insights for both professional and general audiences. ​ Drawing on a background in bilingual Chinese–English translation and editing, Xenia writes across topics including Hong Kong and US stocks, market structure, macro trends and how policy shifts affect everyday investors.

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